I do note that the issue of what this renter is charging is rather carefully sidestepped. How much is due to rental owner's costs going up, and how much is due to increased demand? And of course the issue of demand on housing caused by influxes of huge numbers of illegal immigrants is also not covered.
And of course the issue of demand on housing caused by influxes of huge numbers of illegal immigrants is also not covered.
I am hearing, that in the next year to 18 months, we are looking at collapse of the US dollar. The looming crisis, debt crisis from credit cards, government overspending, and commercial real estate, will be a 50 Trillion dollar debacle. A slow, real, and nearly unstoppable train wreck of an economic collapse, mostly the result of Biden Spending and a released Virus. This may be why Bitcoin and Gold are spiking, because the people in the ‘know’ are already preparing. Would welcome any bankers, especially those attacked to the central banks, opinion.
My rent went up another 20% this year after 20% last year.
Just a few things from my trip to the grocery store Saturday.
1 dozen eggs (nothing special) $5.50
Everything that was 1lb is now 12 ounces.
I bought one of those little pints of ice cream. It must have been 60% air.
Salmon. $16 a lb.
Gasoline still $4 a gallon
Diesel still $5 a gallon
The store was filled with chubby Spanish speaking peoples who I have never seen in this town. ALL had EBT cards and carts full of groceries.
Thanks for sharing. I watched another of his videos that came up. Looks like good sense on how to find opportunities in coming problems. Of course it will take work, and willingness to change.
Take action now to get you’re personal/household finances under control. There are going to be some bank failures, government spending is going to continue to rise unchecked, the labor market will continue to downsize, inflation will at best increase 3.5-4.0% yearly. There is simply too much money in the system to bring inflation down, too much bad credit soon to become delinquent to keep the banking industry solvent. It seems fairly obvious but allow me to state that individuals who see the reality should 1. pay off consumer debt. 2. Save at least 6 months income in an emergency fund. 3. Pay off your mortgage. 4. save some more in addition to the emergency fund. Lots ‘O misery headed our way. Something like 40% of Boomers have nothing saved for retirement. It is going to get ugly.
10,000 tenants?
He shouldn’t put his face on Youtube
when the woke neo-marxist revolution comes, he’ll be a first target
thx. good post.